India, Dec. 16 -- Global solar inverter shipments are forecast to decline in 2025 and 2026.

The downturn follows record installations in 2024, the report says.

China's market is expected to shrink for the first time since 2019.

Europe faces a prolonged decline, while US demand may fluctuate.

Wood Mackenzie expects recovery in the early 2030s.

The global solar inverter market is set to contract for two consecutive years, declining by 2 per cent to 577 gigawatts AC (GWac) in 2025 and by a further 9 per cent to 523 GWac in 2026, according to consultancy group Wood Mackenzie's latest market outlook for 2025.

The downturn follows record shipments in 2024 and reflects rising uncertainty across major markets including China, Europe and the...